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Jan 22, 2013
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. >> house speaker john boehner is meeting with the house republican conference right now. according to a source in the room boehner is calling for the republican party to present a budget that balances the federal budget in 10 years. given where democrats and republicans have been on that issue, republicans against any type of increases in taxes you can imagine all that would come through spending cuts and not be all that acceptable to democrats on capitol hill. so recall tore there will be a vote in the house to extend the debt ceiling until may 19th. that is contingent both houses of congress passing a budget. something that senate majority leader harry reid said is a big step forward for republicans. they're not calling for any spending decreases in this debt ceiling increase. the white house put out a statement said it would not oppose a short-term debt deal though neither getting real specific whether or not they would actually agree to what the house is hoping to pass tomorrow. back to you. david: rich, reading through that, frankly didn't take too long to read throu
. >> house speaker john boehner is meeting with the house republican conference right now. according to a source in the room boehner is calling for the republican party to present a budget that balances the federal budget in 10 years. given where democrats and republicans have been on that issue, republicans against any type of increases in taxes you can imagine all that would come through spending cuts and not be all that acceptable to democrats on capitol hill. so recall tore there will...
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Jan 22, 2013
01/13
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we are awaiting house speaker john boehner to deliver his first news conference. when that happens, we will bring that to you live. we're on the google conference call, also the ibm conference call. all the developments. we are watching both shares pop afterhours. and apple's new numbers less than 24 hours away. a look if they can reassure the street. plus, the biggest movers in today's session. more "fast" straight ahead. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. >>> welcome back to "fast money." transports have bee
we are awaiting house speaker john boehner to deliver his first news conference. when that happens, we will bring that to you live. we're on the google conference call, also the ibm conference call. all the developments. we are watching both shares pop afterhours. and apple's new numbers less than 24 hours away. a look if they can reassure the street. plus, the biggest movers in today's session. more "fast" straight ahead. if you think running a restaurant is hard, try running four....
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Jan 22, 2013
01/13
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speaker boehner is expected to give a news conference later toda today. >> there are a lot of deadlines in washington for investors to keep track of, they each carry their own risk. let me walk you through what we are expecting. starting tomorrow on wednesday, the house republicans say they're going to have a vote to extend the debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending cuts will kick in. about $85 billion of cuts automatically to defense and domestic spending. the risk there is a drag to the gdp. on the 27th, current law on the government funding runs out that forces a drama over a continuing resolution, or you face the risk of a government shut down. on april 15th, that's the date by which the house would force congress to pass a budget or see their pay cut. the risk there, of course, is members of congress might have to go quite some time without a paycheck. tyler? >> thank you very much, eamonn. >>> the gop originally wanted to tie the debt limit raise to spending
speaker boehner is expected to give a news conference later toda today. >> there are a lot of deadlines in washington for investors to keep track of, they each carry their own risk. let me walk you through what we are expecting. starting tomorrow on wednesday, the house republicans say they're going to have a vote to extend the debt ceiling. they say they will raise the $16.4 trillion cap enough to extend the debt ceiling to mid-may. on march 1st, you have the sequester, when the spending...
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Jan 22, 2013
01/13
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john boehner articulated that principle in 2011. that became a huge barrier to the debt limit in 2011, because getting those cuts identified was very difficult, would probably be impossible now. that's why the president came out after the election saying not playing that game. not going to renegotiate. the white house is now prepared to say they concede on that principle for three months, we'll keep our stance unchanged beyond that, and republicans will yield again and we'll get a longer-term extension. >> hopefully it will diffuse market fears about a debt default. the question is what the markets have to say about these gyrations in washington. let's bring in the president of official funds, gentlemen, great to have you with us. >> grit to eat to be here. >> the dow is on multi-year highs, at what strange will wall street say the heck with it. >> the point i like to make in comparison is what happened in december of 2007 and the first part of 2008, the dow industrial average was lagging the transportation average, which was raging
john boehner articulated that principle in 2011. that became a huge barrier to the debt limit in 2011, because getting those cuts identified was very difficult, would probably be impossible now. that's why the president came out after the election saying not playing that game. not going to renegotiate. the white house is now prepared to say they concede on that principle for three months, we'll keep our stance unchanged beyond that, and republicans will yield again and we'll get a longer-term...
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Jan 15, 2013
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i think boehner has got to shut that down. we already had a tax hike. >> listen, the republicans have got to do something massively different. the playbook is not working. boehner and mcconnell came out today with these milquetoast reactions to obama's explosive rhetoric. they said, it's a very, very hard problem and we need to be responsible. look, obama is saying that republicans are holding a gun to their head. that republicans don't care about old people or children with disabilities. we have got to get better about arctic lating what is the impact of spending cuts. are we really headed towards bankruptcy like greece? yes. we have to use the same enthusiasm in explaining our position and put some folks out there who have some passion and can actually reach the american people because this is not working. >> all right. well, passion. you may be looking at the wrong party. we'll see. passion. molly, kate, robert, thanks. look, we have been looking at the politics of this spending night. now time to look at the economics. ben
i think boehner has got to shut that down. we already had a tax hike. >> listen, the republicans have got to do something massively different. the playbook is not working. boehner and mcconnell came out today with these milquetoast reactions to obama's explosive rhetoric. they said, it's a very, very hard problem and we need to be responsible. look, obama is saying that republicans are holding a gun to their head. that republicans don't care about old people or children with disabilities....
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Jan 17, 2013
01/13
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we saw a really brutal fight for speaker boehner. we saw a failed plan b on the hill: and then you saw him scrambling to figure out how to get the votes to pass a fiscal cliff deal. so paul ryan recognizes the sign of the times and i think he's fleeing the far right of the party. it's certainly not going to work in this day and age. >> but angela, you worked the hill and were the head of the congressional black caucus. when they get back to d.c., the friends of their party will still be there. political reports gop leaders are authentically at a loss on how to control members who don't respond to the normal incentives of wanting to help party leaders or of avoiding situations like default. that could be a public relations nightmare. now, how do you deal with this? you've been in those rooms with congress people. how do they deal with the fringe groups that are marching to the beat of a different drum? >> i think paul ryan also said today that they're at risk of potentially losing the house. i think they need to have a come-to-jesus m
we saw a really brutal fight for speaker boehner. we saw a failed plan b on the hill: and then you saw him scrambling to figure out how to get the votes to pass a fiscal cliff deal. so paul ryan recognizes the sign of the times and i think he's fleeing the far right of the party. it's certainly not going to work in this day and age. >> but angela, you worked the hill and were the head of the congressional black caucus. when they get back to d.c., the friends of their party will still be...
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Jan 20, 2013
01/13
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john boehner himself said, he thought there was $800 billion in revenue from closing loopholes. we dealt with the tax rate issue. now it's about loopholes and i think the country would be well served by tax and entitlement reform. >> both john boehner and republican leader mitch mcconnell said the revenue debate is over. no more taxes. are you saying that the president will only sign a budget deal if it includes new revenues? >> yes, it's got to be balanced. they weren't saying that a matter of weeks ago. speaker boehner said 800 billion from closing loopholes. what's changed in the last four weeks? nothing. there's plenty of loopholes whether shipping jobs overseas who get preferential tax treatment. the subsidies to the energy companies. loopholes for, you know, billionaires, there are things we can close here to make -- >> you're no deal if they don't -- >> we need balance, george. we need spending cuts and revenue. have to have that. >> let me talk about immigration. the president has identified immigration reform as another top priority of his second term. you mentioned it
john boehner himself said, he thought there was $800 billion in revenue from closing loopholes. we dealt with the tax rate issue. now it's about loopholes and i think the country would be well served by tax and entitlement reform. >> both john boehner and republican leader mitch mcconnell said the revenue debate is over. no more taxes. are you saying that the president will only sign a budget deal if it includes new revenues? >> yes, it's got to be balanced. they weren't saying that...
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Jan 18, 2013
01/13
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this is something that john boehner has now agreed to. he just put out a statement as i was sitting down in the chair to that effect and it's indicated if there is going to be a long-term extension of the debt limit there is going to have to be spending cuts and the purpose of the budget, requiring the budget resolution is to try to flesh out what some of those spending cuts would be. >> presumably that would pass the republican controlled house. what do you think the reaction would be in the democratic controlled senate? >> i just got off the phone with a democratic official and the leadership in the house who said, we are not going to pass something that is loaded with conditions like that. if we do a short-term extension eventually it is going to be a kleenex tension. that is with no conditions. this is part of the stare down that's been taking place. the administration, the democrats have been saying clean long-term extension, republicans are now saying short-term with conditions and democrats are going to come back and say if you do
this is something that john boehner has now agreed to. he just put out a statement as i was sitting down in the chair to that effect and it's indicated if there is going to be a long-term extension of the debt limit there is going to have to be spending cuts and the purpose of the budget, requiring the budget resolution is to try to flesh out what some of those spending cuts would be. >> presumably that would pass the republican controlled house. what do you think the reaction would be in...
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Jan 19, 2013
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will you get democratic votes on this when boehner brings this up? >> it will depend on what it looks like. this is really gimmicky, gimmicky garbage at the end of the day. the responsible thing to do is to pass a debt ceiling increase because we have to pay our bills. really leaving this uncertainty hanging over our already fragile recovery is irresponsible. and to suggest that we're not going to pay our bills or tie the debt that we have to pay to anything that the republicans want to extract out of president obama is irresponsible. >> yeah. the republican that i look to right now is john cornyn. what a reversal. i mean, this guy writes an op-ed in the home two newspaper in houston and then turns around and tells the editorial board something totally different. what does that say about their leadership? >> it says they are all over the map. it says they are basically a rudderless ship and it says that they really don't get what is at stake for us economically. president obama clearly does. we've had 34 straight months of job growth. we've begun to
will you get democratic votes on this when boehner brings this up? >> it will depend on what it looks like. this is really gimmicky, gimmicky garbage at the end of the day. the responsible thing to do is to pass a debt ceiling increase because we have to pay our bills. really leaving this uncertainty hanging over our already fragile recovery is irresponsible. and to suggest that we're not going to pay our bills or tie the debt that we have to pay to anything that the republicans want to...
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Jan 22, 2013
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the other big mover is going to be boehner. going to be this whole proposal to extend the debt ceiling by four months. i'd like to see some teeth in it, but guess what? >> all right, time's up there. chad, let's go to you. 30 seconds, what do you expect tomorrow? >> two things for tomorrow. watch the imf. they are going to come up with their economic update. they're going to revise global growth lower for 2013 but up the estimate for growth in china. also, watch guidance from google and ibm after the close as well as apple's earnings and coac
the other big mover is going to be boehner. going to be this whole proposal to extend the debt ceiling by four months. i'd like to see some teeth in it, but guess what? >> all right, time's up there. chad, let's go to you. 30 seconds, what do you expect tomorrow? >> two things for tomorrow. watch the imf. they are going to come up with their economic update. they're going to revise global growth lower for 2013 but up the estimate for growth in china. also, watch guidance from google...
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Jan 15, 2013
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speaker of the house john boehner pulled the bill at the last minute. chris christie says all the spending has been taken out and urging fellow republicans to support it. >> when voters see there is a lot of things being jammed into the bill it gets in the way of passing the aid. >> a number of republicans claim $188 million in funding for amtrak was already included in the package. >>> kind of like something out of a movie. a monitor that promises to change the way people interact with computers. they gave us a preview of their interactive air touch screen. the monitor is made of tiny drops of water that respond to hand movements. the device is set to be released in the united states this year and will be geared for corporations to use in presentations. >>> go back now to rosemary orozco who is in for our chief meteorologist bill martin. tomorrow we will be seeing changes? >> yes, we have a pattern change. it will take us a little while to get there. another day or two and tonight we will be just as cold as we have been and we have advisories to talk a
speaker of the house john boehner pulled the bill at the last minute. chris christie says all the spending has been taken out and urging fellow republicans to support it. >> when voters see there is a lot of things being jammed into the bill it gets in the way of passing the aid. >> a number of republicans claim $188 million in funding for amtrak was already included in the package. >>> kind of like something out of a movie. a monitor that promises to change the way people...
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Jan 15, 2013
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geithner notified house speaker boehner he and other treasury secretaries have done in other impasses, nothing profound about it, just an attempt to keep the pressure on the congress, remind them that the clock is ticking. we're getting closer to the debt limit as the president said yesterday. we could hit it in as little as one month, maria. >> john, thank you so much. we'll be watching that story certainly as will the markets. is the market too complacent right now with all of the stories out there as far as the u.s. debt as well as the global economy. according to rex macy it is. he thinks there's a good chance that risk fears will rise and, therefore, the market will pull back. will that be the moment for investors to get in. good to see you, gentlemen. thanks so much for joining us. what are you expecting in terms of this market 2013? >> sure. well, right now we're at 1472 on the s&p. we think it's going to go marginally higher from here, but it's not going to be a smooth ride. we've got a vix at 13 and change. that's too low. that's where the complacency comes from. you see it t
geithner notified house speaker boehner he and other treasury secretaries have done in other impasses, nothing profound about it, just an attempt to keep the pressure on the congress, remind them that the clock is ticking. we're getting closer to the debt limit as the president said yesterday. we could hit it in as little as one month, maria. >> john, thank you so much. we'll be watching that story certainly as will the markets. is the market too complacent right now with all of the...
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Jan 22, 2013
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without a budget, boehner says lawmakers should not receive pay checks. president obama wants a balanced budget. the senate is expected to approve aid for states devastated by superstorm sandy. senators will vote on a $50 billion dollar bill today. last week, congress said yes to the funding... but not without no votes. the majority of republican house members voted against the bill.. calling it too expensive and saying it should come with spending cuts. january 4th, congress agreed to $9.7 billion package to assist with flood insurance claims from the storm. japan airlines is canceling more flights this week due to technical problems aboard boeing's 787 dreamliner. last week jal cancelled round trip flights.. and will continue those cancellations through january 25th. airlines in japan are among the first to fly the dreamliner. the e-u and f-a-a already grounded all 787s last week after batteries caught fire. reports say solving the battery problems will be "very expensive." u.s. transportation authorities are not sure when any of the aircraft will fly a
without a budget, boehner says lawmakers should not receive pay checks. president obama wants a balanced budget. the senate is expected to approve aid for states devastated by superstorm sandy. senators will vote on a $50 billion dollar bill today. last week, congress said yes to the funding... but not without no votes. the majority of republican house members voted against the bill.. calling it too expensive and saying it should come with spending cuts. january 4th, congress agreed to $9.7...
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Jan 23, 2013
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boehner. moving on. first daughters are just a couple regular kids. look at the fun they're having. 11-year-old sasha trying to take an iphone photo of her parents kissing and 14-year-old malia photo bombs it. the girls were seen laughing and texting throughout the celebration. it reminds me of my kids. >> take a look at this one. it became a hit on twitter. former president bill clinton photo bombed kelly clarkson as she performed. stuck his head into the aisle to catch a glimpse of clarkson. >> okay. now, i don't know that that is photo bombing. he was observing i believe. >> he did bend, you know stretch out there to get his head in the shot. >> we don't know what his intentions were. maybe we do. still ahead a large boulder crashes into the bedroom of a home while someone is sleeping there. >> imagine that call. is there too much water in canned foods? we partner up to take a look at popular brands. >> don't forget to catch jimmy kimmel live at 9 new time, 11:35 right here after our 11:00 news. tonight's guests include julie bowen and leann rimes.
boehner. moving on. first daughters are just a couple regular kids. look at the fun they're having. 11-year-old sasha trying to take an iphone photo of her parents kissing and 14-year-old malia photo bombs it. the girls were seen laughing and texting throughout the celebration. it reminds me of my kids. >> take a look at this one. it became a hit on twitter. former president bill clinton photo bombed kelly clarkson as she performed. stuck his head into the aisle to catch a glimpse of...
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Jan 15, 2013
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you will see some real coalition around the boehner real. you know, hopefully that is something that is sealable and relevant to the white house. it used to be pay-as-you-go. connell: times have changed. dylan glenn, thanks a lot. dagen: is lawmakers screw up or interest rates going up? peter hayes oversees more than $100 billion in assets. good of you to be here. they mess up on raising the debt ceiling, do you think interest rates will shoot up or what can we expect in terms of that market? >> expect volatility. the bottom line is you will see volatility. the longer we go and connell talked about some of the issues in washington, how you get there, missing payments and so forth. it will get messy. they seem to react only when their backs are against the wall. the longer they go, the higher probability the u.s. misses its triple rating. oddly enough, prices rose and rates fell. that will be the real teaser. dagen: that is the upside down crazy world that we live in. you miss behave and we have longer-term interest rates. how long can that c
you will see some real coalition around the boehner real. you know, hopefully that is something that is sealable and relevant to the white house. it used to be pay-as-you-go. connell: times have changed. dylan glenn, thanks a lot. dagen: is lawmakers screw up or interest rates going up? peter hayes oversees more than $100 billion in assets. good of you to be here. they mess up on raising the debt ceiling, do you think interest rates will shoot up or what can we expect in terms of that market?...
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Jan 19, 2013
01/13
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bipartisan outreach will be so successful that even john boehner will consider becoming a democrat. after all, we have a lot in common. he is a person of color. although not a color that appears in the natural world. leaders of the republican party, they call the passage of this bill armageddon. end of freedom as we know it. so after i sign the bill, i looked around to see if there were any asteroids falling or sudden cracks opening up in the earth. turned out it was a nice day. they said we needed to triple the border patrol. well, now they're going to say we need to quadruple the border patrol or they'll want a higher fence. maybe they will need a moat. maybe they want alligators in the moat. lots of ups, lots of downs, except for my approval ratings which have just gone down. but that's politics. it doesn't bother me. besides, i happen to know that my approval ratings are still very high in the country of my birth. he seems all-american, but if you heard his real middle name, tim hosni pawlenty, what a shame. governor romney has said that he hoped a similar version of this plan f
bipartisan outreach will be so successful that even john boehner will consider becoming a democrat. after all, we have a lot in common. he is a person of color. although not a color that appears in the natural world. leaders of the republican party, they call the passage of this bill armageddon. end of freedom as we know it. so after i sign the bill, i looked around to see if there were any asteroids falling or sudden cracks opening up in the earth. turned out it was a nice day. they said we...
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Jan 16, 2013
01/13
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. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts are going to do the job. we have to permanently reform the way washington spends money. >> okay, somebody want to to do that. >> we do that is through an approach that we referred to in the last debt limit debate is cat cut cabin balance for the short of it is to say that we can raise the debt limit we're not going to raise the debt limit, we shouldn't we put into place a balanced budget amendment to the constitution. one that requires congress to balance its budget each year. when it requires a super majority vote each time congress wants to raise the debt limit. that would get us on the right path. >> we already know that that's not going anywhere. it doesn't seem that you have the support for it. it's a nice thing to suggest. but at the end of the day, what is going to move the ball forward on getting federal spending under control. as a practical matter, don't you have to
. >> what john boehner headset is dollar for dollar. spending cuts with debt ceiling heights. what should they cut? give me a list. you might we talk about it from the standpoint of cuts, don't think cuts are going to do the job. we have to permanently reform the way washington spends money. >> okay, somebody want to to do that. >> we do that is through an approach that we referred to in the last debt limit debate is cat cut cabin balance for the short of it is to say that we...
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. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were swimming dangerously close to the show. can you believe it? look at that. you could wade in and be bitten, eaten. last year there were a total of 11 shark attacks in hawaii. >> that's what i call dangerously close. >> oh, my goodness. >> so some people in the southeast waking up to the dual danger of flooding and ice. alexandra steele in the weather center. good morning. >> good morning, guys. each snow potentially for you around new york city. >> trifecta. >> there you go. we'll see it all. here's why, zoraida. what we've got is the stalled front and along the front we've got
. >> clearly house speaker john boehner thinks differently. he responded by saying, quote, the american people do not support raising the debt ceiling without reducing government spending at the same time. >>> these pens are designed to be used only by one person, but an investigation discovered that many of them were used on multiple people. >>> are you in hawaii or going there anytime soon? surfers, beware. check out this video. it's a real-life jauss. two sharks were...
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Jan 23, 2013
01/13
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. >> well, and i think so, and this is where speaker boehner has the perfect opportunity to change the narrative by forcing everything through regular legislative order. you control what goes to the floor. don't reauthorize programs. i would love to have the nation debate the question, should we not reauthorize americorp or cut the marine come. they'll ask what's americorp? what's it do? the speaker can start the process if he has the discipline to adhere to regular order and exercises his control -- neil: running with their tail between their legs, running scaredded, lost the election, doesn't mean they lost the backbone or resolve or whatever used to be in their dna that showed some discipline. they lost that now, and seeded it to a president who talked up entitlements in the speech, talked the merits of government spending, strongly as ronald reagan did, the dangers of government spending, and these might be new times. how do they challenge them? >> well, again, i think they challenged them by getting back on to the floor, get a budget, force a budget to be out there, debate the bud
. >> well, and i think so, and this is where speaker boehner has the perfect opportunity to change the narrative by forcing everything through regular legislative order. you control what goes to the floor. don't reauthorize programs. i would love to have the nation debate the question, should we not reauthorize americorp or cut the marine come. they'll ask what's americorp? what's it do? the speaker can start the process if he has the discipline to adhere to regular order and exercises...
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Jan 16, 2013
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john boehner put out a statement saying the speaker will review the measures and if the senate passes a bill, we will review that as well. no guarantees to take up the measure. this faces stiff opposition. >> eamon javers, thanks you very much. >>> our first look at blackberry 10. >> have you used itunes lately? if you have, you noticed it totally changed. a lot of us old folks are very confused by it. we have an idea that could fix it, sunny. what if they bought spotify? we will debate it, coming up. >>> it is hump day, everybody. hallelujah and welcome to street talk. today we will call it street meat because we have a big food focus. first, kellogg. >> underperformed and $55 target on stocks. 2 bucks a down side. valuation call, really. you would think the earnings is also i think mandy a serier cerl war could be coming. they think general mills will respond aggressively. price cuts, discounts, whatever. kelloggs will be forced to respond. >> and who goes from that? we do. >> uh-oh, chipotle, below wall street looks. operating narrowed. they are making less profit on what they sell
john boehner put out a statement saying the speaker will review the measures and if the senate passes a bill, we will review that as well. no guarantees to take up the measure. this faces stiff opposition. >> eamon javers, thanks you very much. >>> our first look at blackberry 10. >> have you used itunes lately? if you have, you noticed it totally changed. a lot of us old folks are very confused by it. we have an idea that could fix it, sunny. what if they bought spotify?...
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Jan 16, 2013
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speaker boehner knows that getting 60 votes for any major sweeping new gun control legislation will be difficult to get in the senate. david and liz. david: peter barnes in d.c. thanks, peter. liz: with talks of gun control let's look how some big name gun companies are performing right now. first smith & wesson. this of course is the firearms manufacturer, the stocks saw really significant bump of nearly 6%, putting this into perspective, fallen more than 14% in the wake of shootings at the school. arum ruger and company engages in the design, manufacturing and sale of firearms saw its biggest gain since mid-december. the stock is not hit as hard as smith & wesson. it is up three months for sturm ruger. cabela's operating hundreds of stores in u.s. and canada. it saw a move up 6%. david: not just gun control. we're headed for a debt ceiling battle is to avoid the debt ceiling itself. congressman jerry nadler joins me now and introducing the legislation today. in full disclosure he is my congressman. you do a hell of a job in your district. we're very happy with you there. >> thank you
speaker boehner knows that getting 60 votes for any major sweeping new gun control legislation will be difficult to get in the senate. david and liz. david: peter barnes in d.c. thanks, peter. liz: with talks of gun control let's look how some big name gun companies are performing right now. first smith & wesson. this of course is the firearms manufacturer, the stocks saw really significant bump of nearly 6%, putting this into perspective, fallen more than 14% in the wake of shootings at...
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Jan 18, 2013
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remember the boehner rule dubbed the boehner rule says any increase in the debt ceiling must correspond to equal amounts in spending cuts. >> not quite the same reaction from house minority leader nancy pelosi saying: >> so the republicans are taking the debt ceiling debate moving it off a few months perhaps take place in april or may so they can focus on the automatic spending cuts set to hit the budget at the end of february those are known as sequester and also government discretionary spending authority that runs out in march. plenty of budget fights and it looks like we will be having them just about every couple of months all the way through the spring. david: as long as you are in williams burg virginia what do you care? it is a lovely place to be right now this time of year. rich: yes and the wind has died down and the snow is melting. it's a nice place. david: thanks rich. liz: we will find out what a representative thinks about the debt ceiling bill that will hit the floor next week and find out why she's calling for congress to get rid of the debt ceiling all together. david:
remember the boehner rule dubbed the boehner rule says any increase in the debt ceiling must correspond to equal amounts in spending cuts. >> not quite the same reaction from house minority leader nancy pelosi saying: >> so the republicans are taking the debt ceiling debate moving it off a few months perhaps take place in april or may so they can focus on the automatic spending cuts set to hit the budget at the end of february those are known as sequester and also government...
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Jan 15, 2013
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. >> by closing additional loopholes through tax reform, which speaker boehner has acknowledged can raise money in a sensible way and by doing some additional cuts we can arrive at a package that gets this thing done. melissa: seriously? could we actually be looking at more? is anyone safe? with me, stephen hayes from the weekly standard, and fox news contributor. we have a susan hoff former treasury senior advisor. welcome to all of you. susan sounds like more taxes are on their way. >> president obama has been speaking the entire time about balanced packages. he talked about a $4 trillion target. we have 2 1/2 trillion in the bank right now. we're looking at another 1 1/2 trillion. not all will be in taxes of the part will be in cuts and part in taxes. we can't be in place to ignore investments we need to make in infrastructure. there is report out today we could lose $3 trillion over next eight years. melissa: stephen, i'm sure you're chomping at the bit to respond to that? >> look, one thing i will say to president obama he came to office in 2008 saying he would raise taxes. he has do
. >> by closing additional loopholes through tax reform, which speaker boehner has acknowledged can raise money in a sensible way and by doing some additional cuts we can arrive at a package that gets this thing done. melissa: seriously? could we actually be looking at more? is anyone safe? with me, stephen hayes from the weekly standard, and fox news contributor. we have a susan hoff former treasury senior advisor. welcome to all of you. susan sounds like more taxes are on their way....
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Jan 23, 2013
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. >> it was a good move by boehner and the republicans to float on new year's day, they said, for now we'll agree to these tax increases but we're going to wait. we'll try to make our move a little later when we get more information to what it would really mean to make the bluff. their float turned out well because they decided before it came to a head their big bluff wouldn't work and came up with a best plan. melissa: you talk about who the best rail bird is. the person doesn't participate in the game but sitting on the side commenting. you say it is bernanke. i think it is me. that is all we do here. we're the ultimate rail birds. my whole job is built on being a rail bird. i sit on the sidelines -- >> fox business is definitely would be the best rail birds in all of this. i think you have a very good case to make for that. melissa: what advice would you give to republicans because you're a championship poker player? they seem to have a weak hand but there is always a way to win so what would you tell them? what should they do? >> well if i were playing this hand as kind after long
. >> it was a good move by boehner and the republicans to float on new year's day, they said, for now we'll agree to these tax increases but we're going to wait. we'll try to make our move a little later when we get more information to what it would really mean to make the bluff. their float turned out well because they decided before it came to a head their big bluff wouldn't work and came up with a best plan. melissa: you talk about who the best rail bird is. the person doesn't...
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Jan 16, 2013
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people on the right, people who voted against boehner's plan b and people who want a deal done. i think in the end, people who want a deal done will prevail. maybe at the last hour or three hours after the last hour, we don't know. it was quite obvious the president was trying to blow up the deal on december 31st, while biden and mcconnell were out there negotiating, the president had a pep rally in the east room in which he directly attacked both the congress and the republicans, people trying to do the deal. any who's done any negotiations know what you should have done is praise the process, not attack the people in the middle of the process. i don't think the president liked that deal, i don't think he wanted a deal. i think he'd rather have the issue and i think in this case, he'd also rather have the issue. it will be very very hard to get a serious deal done when one of the main negotiators really doesn't want any deal at all. >> we have evidence of that with this interview with john boehner where he said the president told him repeatedly, we don't have a spending problem
people on the right, people who voted against boehner's plan b and people who want a deal done. i think in the end, people who want a deal done will prevail. maybe at the last hour or three hours after the last hour, we don't know. it was quite obvious the president was trying to blow up the deal on december 31st, while biden and mcconnell were out there negotiating, the president had a pep rally in the east room in which he directly attacked both the congress and the republicans, people trying...
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Jan 21, 2013
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they're pushing for it, but it ain't done. >> listen, harry reid, remember when john boehner was going to bring the vote to the house and he didn't have the votes after he'd said i'm going to bring the vote to the house. i have a suspicion that harry reid wouldn't bring it to the senate floor until they're sure it's a done deal. there's something important to understand here, too, besides additional taxes. we've already raised taxes on people making over $450,000 a year and just about everyone else because payroll taxes went up and everyone's paycheck is smaller, if you haven't looked be, check out your paycheck, but obamacare, raised taxes on everyone obamacare and taxes go higher and the democrats seem willing to continue that trend. stuart: i'm shocked that higher taxes are coming down. actually, no, i'm not. i expected it. i've got to talk to you about hollywood. i'm sure you're watching football yesterday and i certainly was and saw the trailers for the violent movies. >> bullet, die-hard-- put to the head. stuart: wait a second, you know more about this than i do. if i'm the not
they're pushing for it, but it ain't done. >> listen, harry reid, remember when john boehner was going to bring the vote to the house and he didn't have the votes after he'd said i'm going to bring the vote to the house. i have a suspicion that harry reid wouldn't bring it to the senate floor until they're sure it's a done deal. there's something important to understand here, too, besides additional taxes. we've already raised taxes on people making over $450,000 a year and just about...
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boehner keeps refusing invitations to multiple state dinners. there seems to be a problem when members of the republican caucus don't want to be seen to be having fun with the president or having dinner with the president because their constituency might not like it. >> right. i think there's something to that. i go back, that's where -- so he'll get this outside advice from friends outside the white house who say, do it informally, do more informal stuff. the formal stuff gets covered -- >> like breakfast or screening of "lincoln," casually sitting back and watching a movie. >> i got the same notes from the white house as well overnight on this topic. i know this bothers them. this bothers the president. he thinks it's unfair criticism. i'm telling you how it percolates. >> it percolates sometimes when people want to spread rumors that aren't true and really don't want to take responsibility for being intolerable and difficult to be around. quite frankly, if you're john boehner and you go to state dinners that president bush hosts and you don't
boehner keeps refusing invitations to multiple state dinners. there seems to be a problem when members of the republican caucus don't want to be seen to be having fun with the president or having dinner with the president because their constituency might not like it. >> right. i think there's something to that. i go back, that's where -- so he'll get this outside advice from friends outside the white house who say, do it informally, do more informal stuff. the formal stuff gets covered --...
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republican speaker of the house john boehner reacted tepidly, his spokesman putting out a statement saying they will look at the ideas and if the senate passes a bill they will look at that but no commitment to bring a bill to the house floor. >> the president had children around him during the press conference, right is. >> and many of the children were victims of gun violence themselves or were aware of victims of gun violence and wrote letters to the white house. in fact, some of these children wrote letters that the president read from, remarked upon. it was a very dramatic and emotional setting there because the children sort of making the point and reinforcing the president's point that in his view this is about protecting first graders and their rights to go to school safely as much as it is about second amendment rights for gun owners. >> thank you so much. eamon javers with the latest there. >>> boeing dragging down the dow today as yet another problem is grounding some boeing dreamliners. phil lebeau with the latest developments out of boeing. we'll speak with an aviation expert
republican speaker of the house john boehner reacted tepidly, his spokesman putting out a statement saying they will look at the ideas and if the senate passes a bill they will look at that but no commitment to bring a bill to the house floor. >> the president had children around him during the press conference, right is. >> and many of the children were victims of gun violence themselves or were aware of victims of gun violence and wrote letters to the white house. in fact, some of...
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Jan 23, 2013
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. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still argues a short-term extension of borrowing authority does not go far enough. >> what we support is a long- term raising of the debt ceiling so that we don't have any doubt or uncertainty for businesses or the global economy about the simple proposition that the united states always pays its bills. >> reporter: at a house hearing on the debt ceiling debate, simon johnson, a former chief economist for the i.m.f. warned the continuing controversy could roil global markets and hurt the u.s. at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to
. >> reporter: house speaker john boehner said republicans were willing to suspend the debt ceiling for three months. sending democrats to act. >> it has been nearly four years since the senate has done a budget. most americans believe you don't do your job, you shouldn't get paid. that's the basis. no budget; no pay. it is time for the senate to act. >> reporter: the white house called the move by house republicans "significant," though the administration still...
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john boehner promised he will not bring a bill to the floor that does not have a majority of support of republicans. >> i'm not aware of that per se, i would refer you to his office. >> congressman, thank you. >> you're welcome. >>> still ahead, coca-cola says they are trying to fight obesity with a new ad they've released. is it thinking ahead about their own industry? a panel will talk about that straight ahead. you're watching "starting point," back in a moment. with the bankamericard cash rewards credit card. earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas. no hoops to jump through. i earn more cash back on the things i buy the most. [ woman ] it's as easy as... one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. apply online or at a bank of america near you. i had[ designer ]eeling enough of just covering upewards credit card. my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may no
john boehner promised he will not bring a bill to the floor that does not have a majority of support of republicans. >> i'm not aware of that per se, i would refer you to his office. >> congressman, thank you. >> you're welcome. >>> still ahead, coca-cola says they are trying to fight obesity with a new ad they've released. is it thinking ahead about their own industry? a panel will talk about that straight ahead. you're watching "starting point," back in a...
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Jan 23, 2013
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however if it doesn't happen, we don't know how john boehner will find a way forward. it happened on plan b and the deal only got worse from a conservative point of view. we'll see how conservatives make pragmatic decisions today or not on voting to pass this bill. >> fascinating chess game happening right before our eyes, john. thank you so much. want to bring in congressman aaron schock, a republican representative from illinois. a member of the house ways and means committee. congressman, good morning to you. >> good morning, carl. >> you heard van hollen reference that language, the complete and timely payment of obligations until may 19th. a good idea or not? >> well, mr. van hollen is trying to have it both ways. here is the guy that's the ranking member of the budget committee. he was the chairman of the budget committee when democrats controlled the house, and guess what? they didn't pass a budget. so now democrats are acting like, oh, this is no big deal. senate democrats are saying, sure, we'll pass a budget. why aren't they say in the last four years? it's b
however if it doesn't happen, we don't know how john boehner will find a way forward. it happened on plan b and the deal only got worse from a conservative point of view. we'll see how conservatives make pragmatic decisions today or not on voting to pass this bill. >> fascinating chess game happening right before our eyes, john. thank you so much. want to bring in congressman aaron schock, a republican representative from illinois. a member of the house ways and means committee....
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in williamsburg and i did an address to all house republicans and said your fight is not with john boehner, your fight is with james madison. he wrote this system this is the government we have. if you believe in the constitution, we have division of power. tough work within that to get an agreement. >> so, then frame that for me as words in a speech tomorrow that the president's delivering. he has to say -- >> the speech tomorrow should be the big picture above it all, should not be specific policies. save it for the state of the union that is a more plebeian speech. the power of the inaugural speech, what you want to in your president. >> ari fleisher, nice to have you this afternoon. >> great to be here. >> so great to be here with you, of course, i'm john berman. >> thank you. >> thank you so much for joining us this special coverage of president obama's inauguration. >> of course, i'm soledad o'brien. our special coverage continues all afternoon. don lemon's going to be up next with more from here in washington, d.c. ♪ [ male announcer ] when we built the cadillac ats from the groun
in williamsburg and i did an address to all house republicans and said your fight is not with john boehner, your fight is with james madison. he wrote this system this is the government we have. if you believe in the constitution, we have division of power. tough work within that to get an agreement. >> so, then frame that for me as words in a speech tomorrow that the president's delivering. he has to say -- >> the speech tomorrow should be the big picture above it all, should not...
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we know that the president has had a lot of trouble negotiating with house speaker john boehner. that is going to be one of the factors as we're looking at his second term he has this ambitious agenda at the same time has to deal with the economy and budget concerns that we talked about. >> nancy is our capitol hill correspondent she's been at the capital for us reporting all day. the next order of business, at least in terms of the house of representatives will be increasing the national debt limit. in other words, allowing the government to borrow more money so that it can pay the bills that it's already in cured. how do you see that rolling out over the next days and weeks. >> house republicans changed course pretty dramatically last week they were at their republican retreat, this is a tradition all members of the house republican conference went away from meetings for three days in williamsburg, virginia. at the end of that three-day meeting they came out said, we said we were going to fight raising the debt ceiling until we got dollar for dollar spending cuts now we're goin
we know that the president has had a lot of trouble negotiating with house speaker john boehner. that is going to be one of the factors as we're looking at his second term he has this ambitious agenda at the same time has to deal with the economy and budget concerns that we talked about. >> nancy is our capitol hill correspondent she's been at the capital for us reporting all day. the next order of business, at least in terms of the house of representatives will be increasing the national...
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Jan 18, 2013
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in fact, the fiscal cliff, john boehner did something bold. he violated the rule, he put a bill on the floor that could only pass with significant democratic support and we got a good deal of republican support. so i don't make predictions, but i try to do my job. and there's a lot of republicans hearing the same thing in their districts that i heard in mine. and that is, peter, why don't you all get together and get some things done? >> congressman peter welch, let's hope a lot of members of congress hear that instruction. have a good weekend. >> thank you. >>> you know, let's talk a little bit more about the republican conference meeting in virginia. charles krauthammer wrote a piece today calling it a new strategy for the gop. the general rule is from a single house of congress you can resist but you cannot impose. aren't you failing the country, say the insurgents? the answer, the country chose obama, he gets four years. want to save the republic? win the next election. liz, if charles krauthammer recommending the gop be less intransigent,
in fact, the fiscal cliff, john boehner did something bold. he violated the rule, he put a bill on the floor that could only pass with significant democratic support and we got a good deal of republican support. so i don't make predictions, but i try to do my job. and there's a lot of republicans hearing the same thing in their districts that i heard in mine. and that is, peter, why don't you all get together and get some things done? >> congressman peter welch, let's hope a lot of...
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need to go further and the president had a broader deficit reduction offer on the table to speaker boehner that he unfortunately walked away from. the president made very clear yesterday that what he thinks the american public supports is balanced deficit reduction, good faith compromise between democrats and republicans and he made very clear the united states congress, republican leadership there cannot threaten, make america a dead beat nation or to default or hurt the full faith and credit of the economy in ways that we do damage to economic growth, damage to our businesses, damage to our workers as a budget negotiating tactic and if they try he is not going to engage or tolerate that type of behavior. >> finally, gene, i'm sure you've seen what fitch has said about their rating and outlook for the u.s. debt. they say if it's increasing, in large part, gene, just because of the way that it's mechanized, is there any way out of that? >> you know, there is. one of the things that the private sectors have always said, the private sector will always say to any white house, any administrati
need to go further and the president had a broader deficit reduction offer on the table to speaker boehner that he unfortunately walked away from. the president made very clear yesterday that what he thinks the american public supports is balanced deficit reduction, good faith compromise between democrats and republicans and he made very clear the united states congress, republican leadership there cannot threaten, make america a dead beat nation or to default or hurt the full faith and credit...
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Jan 23, 2013
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boehner attached a bublg et to this. >> there are no specific cuts. where in medicare or the pentagon are they going to cut? they have to specify that before you can have a serious conversation. i don't think members of congress should be playing with fiscal fire which is what we are doing when we use a tactic as a threat to plunge america into defought. i believe that republicans and democrats should denounce using that as a threat. your previous guests gave goodness about the economy. the biggest threat about the economy is congressional dysfunction. >> do you have a response to peter walsh. >> lord knows if we could have a balance absed budget. but you made this deal yeah, we are going to extend the debt ceiling. now, it gets attached to a balanced budget. >> two points, in regard to congressman welch. when you have liberal s ip the house and senate, that is their plan to spend more money. i know you are talking about our budget larry, but we have to step back. there is going to be no budget that takes place unless the senate passes a budget. but t
boehner attached a bublg et to this. >> there are no specific cuts. where in medicare or the pentagon are they going to cut? they have to specify that before you can have a serious conversation. i don't think members of congress should be playing with fiscal fire which is what we are doing when we use a tactic as a threat to plunge america into defought. i believe that republicans and democrats should denounce using that as a threat. your previous guests gave goodness about the economy....
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you can say if you're john boehner, well, that's fantastic. democrats, this is a democratic -- this is a democratic plan. you guys want it. it's a priority for you. guess what? you control the senate. you guys -- you guys pass global warming in the legislation in the senate, then we'll look at it in the house. gay marriage, fantastic. we are open to whatever you pass. that's your top priority, great. why don't you guys in the senate pass it, and then we'll look at it. and you can do the same thing with gun control, actually an issue that matters a great deal to me. actually, not gun control but assault weapons control. again, do what they did before. pass that in the senate and let them do that and say, but i'll tell you what we're going to focus on. we're going to focus on the house on getting people back to work, saving entitlement programs, and taking care of the crushing debt and making the tax code simpler, making the tax code fair. we're going to take care of the meat and potatoes issues over here. we're going to take care of making soci
you can say if you're john boehner, well, that's fantastic. democrats, this is a democratic -- this is a democratic plan. you guys want it. it's a priority for you. guess what? you control the senate. you guys -- you guys pass global warming in the legislation in the senate, then we'll look at it in the house. gay marriage, fantastic. we are open to whatever you pass. that's your top priority, great. why don't you guys in the senate pass it, and then we'll look at it. and you can do the same...
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we've basically boehner's dispensed that rule twice. but, look, when you look at those numbers for the republican party, i'm reminded one of my favorite lines from jfk which you quoted on the show last week. if you ride the back of the tiger, you often end up inside. they rode the back of the tea party to power, and right now the tea party is dictating to them. if the tea party succeeds, for example, in pushing them into default on the full faith and credit of the country and the economy crashes, that 49% disapproval will be 69%. >> that's exactly what i was thinking about the show tonight. who is in charge, the nra or the republicans. who is riding whose back? it looks like the republicans are riding the nra back and it's a dangerous animal. thank you. >>> remember the long lines in florida this past election day where republicans tried to make it difficult for people to vote? wait until you hear what governor rick scott is saying about it now. not my job, i didn't do that, don't blame me. this is "hardball," the place for politics. to
we've basically boehner's dispensed that rule twice. but, look, when you look at those numbers for the republican party, i'm reminded one of my favorite lines from jfk which you quoted on the show last week. if you ride the back of the tiger, you often end up inside. they rode the back of the tea party to power, and right now the tea party is dictating to them. if the tea party succeeds, for example, in pushing them into default on the full faith and credit of the country and the economy...